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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

$NEBL short term setup

BY: @ozchartart | CREATED: July 9, 2020, 1:32 a.m. | VOTES: 21 | PAYOUT: $0.00 | [ VOTE ]

Hi traders!

Showing you my $NEBL short term setup, chart looks ready for breakout try to me.

[IMAGE: https://images.hive.blog/DQmZy4i25cccwSFQA6TbAzeZgpsomw3pdUeUEKSg8NrUiTX/nebl.png]
https://www.tradingview.com/x/mPjdT0sd/

As you can see on the chart, with this setup I am for some smaller % gains, but still leaving room for a bigger 2x gain incase the chart and orderbook shows extreme bulishness.

My targets for this breakout are 8200 and 9000 satoshi, ~26% and ~39% gains respectivly.
The 8200 level, briefly a strong support in 2019, was the resistance of the last 2 pick ups and once a fib is pulled over it gets confirmed by coresponding closelyto the 0.618 fib line.

The 9k level, as you can see became a resistance in 2019, at the same time the 8.2k palyed a support role, staying undefeeted till this day,
The fib slghtly above it at 9.4, close enough for me.

Finaly we have the 15k satoshi level, which once again played a role as a brief support in May and June of 2019, this one would be my target if the price firmly breaks and closes above the 9k level.

https://www.youtube.com/watch?v=9L0WbRmS9EQ

This post is NOT financial advice or any kind of recomandation, nor am I lisenced to give one!
It is my personal opinion and view on the chart!
I may or may not hold this particular asset.

Kind regards, OZ

TAGS: [ #cryptocurrency ] [ #nebl ] [ #binance ] [ #breakout ]

Replies

@turpsy | July 9, 2020, 10:34 a.m. | Votes: 1 | [ VOTE ]

Hahaha, whao. I placed a buy order on Tuesday on this coin. It filled. Looking forward to seeing how it goes

@pearlumie | July 10, 2020, 8:44 a.m. | Votes: 0 | [ VOTE ]

I'm not even hodling NEBL at the moment. I've not analyzed it in a while. Maybe I'll look at it and use for today's challenge or maybe not.

@hivebuzz | July 17, 2020, 4:30 p.m. | Votes: 0 | [ VOTE ]

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@hivebuzz | July 22, 2020, 9:39 p.m. | Votes: 0 | [ VOTE ]

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